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Dell's in the Doldrums: Tech Weekly

Written by: Chris Ciaccia11/17/12 - 9:30 AM EST

Tickers in this article:
YHOO DELL MSFT AAPL CSCO

NEW YORK ( TheStreet) -- Earnings season is winding down, with a few notable names reporting this week. Dell (DELL) offered a bleak tone, while Cisco (CSCO) was slightly more upbeat on the state of its business.

Dell's revenue for the quarter was $13.7 billion, 11% lower than the year-earlier quarter and short of the $13.89 billion analysts polled by Thomson Reuters were expecting. The top line was pressured by falling desktop and mobility revenue.

The networking giant reported non-GAAP earnings of $2.57 billion, or 48 cents a share, on revenue of $11.88 billion, up from a year-ago equivalent profit of $2.32 billion, or 43 cents a share, on revenue of $11.27 billion. Analysts polled by Thomson Reuters were looking for earnings of 46 cents a share on revenue of $11.77 billion.

Cisco provided healthy guidance, predicting revenue between $11.9 billion and $12.1 billion and earnings of 47 to 48 cents a share, as the company's long-term strategy seems to be working. The current consensus view calls for revenue of $12.06 billion and earnings of 48 cents a share.

Cisco enjoyed a strong week, gaining 6.96% to close at $17.99.

Aside from earnings, executives made the majority of the news this week in tech, as some key managers quit, and one made her first snafu since taking over a company.

The software giant's CEO Steve Ballmer thanked Sinofsky for his contributions, adding, "To continue this success it is imperative that we continue to drive alignment across all Microsoft teams, and have more integrated and rapid development cycles for our offerings."